EU Outlook: More Whimpers, No Bang…for Now

[Valin]

Via Media:

10/2/12

 

 

 

As Spain deals with a secessionist movement and a worsening economyhttp://, it’s gearing up to receive life-saving injections from Mario Draghi’s big-muscle sovereign central bank, says Reutershttp://.

 

The German taxpayers, however, are dragging their feet, reluctant to foot the bill once again, and Angela Merkel is treading lightly. She is reluctant to have to ask for bailouts for Cyprus, Greece, and possibly Spain, one by one, from a reluctant Bundestag. Reuters:

 

(Snip)

 

 

But Chancellor Merkel can’t flinch too quickly, or German voters will think she has gone soft. The German government has the difficult assignment of looking tough enough to reassure voters while looking like enough of a patsy to reassure financial markets that, in the end, the ECB will do what it takes.

 

(Snip)

 

 

Meanwhile Golden Dawn In Greece grows.